Interactive Brokers Group, Inc. (NASDAQ:IBKR - Get Free Report) shares reached a new 52-week high during trading on Thursday . The company traded as high as $59.21 and last traded at $58.80, with a volume of 1500386 shares trading hands. The stock had previously closed at $57.84.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on the company. Wall Street Zen upgraded Interactive Brokers Group from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. Bank of America dropped their price target on shares of Interactive Brokers Group from $66.25 to $60.75 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Barclays reissued an "overweight" rating and set a $65.00 price objective on shares of Interactive Brokers Group in a research report on Thursday. Piper Sandler cut their price objective on shares of Interactive Brokers Group from $52.50 to $48.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Finally, The Goldman Sachs Group increased their price objective on shares of Interactive Brokers Group from $53.00 to $60.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Interactive Brokers Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $56.25.
Read Our Latest Stock Report on IBKR
Interactive Brokers Group Stock Performance
The business's fifty day moving average price is $52.34 and its 200-day moving average price is $48.83. The stock has a market cap of $99.06 billion, a PE ratio of 31.72, a P/E/G ratio of 2.72 and a beta of 1.25.
Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last announced its quarterly earnings results on Tuesday, April 15th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.48 by ($0.01). The company had revenue of $1.43 billion for the quarter, compared to analysts' expectations of $1.37 billion. Interactive Brokers Group had a net margin of 9.53% and a return on equity of 4.97%. Analysts forecast that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.
Interactive Brokers Group Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend was Friday, May 30th. Interactive Brokers Group's payout ratio is presently 17.30%.
Hedge Funds Weigh In On Interactive Brokers Group
Several institutional investors have recently made changes to their positions in IBKR. N.E.W. Advisory Services LLC bought a new position in shares of Interactive Brokers Group in the 1st quarter worth approximately $26,000. Contravisory Investment Management Inc. lifted its stake in shares of Interactive Brokers Group by 300.0% in the 2nd quarter. Contravisory Investment Management Inc. now owns 564 shares of the financial services provider's stock worth $31,000 after purchasing an additional 423 shares during the period. Aster Capital Management DIFC Ltd lifted its stake in shares of Interactive Brokers Group by 39.8% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 186 shares of the financial services provider's stock worth $33,000 after purchasing an additional 53 shares during the period. City Holding Co. bought a new position in shares of Interactive Brokers Group in the 1st quarter worth approximately $33,000. Finally, Nvwm LLC bought a new position in shares of Interactive Brokers Group in the 1st quarter worth approximately $33,000. Institutional investors own 23.80% of the company's stock.
Interactive Brokers Group Company Profile
(
Get Free Report)
Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company engages in the execution, clearance, and settlement of trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), precious metals, and cryptocurrencies.
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